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Home Buying in 46220 : Real Estate Advice

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  • Home Buying12
  • Home Selling2
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Activity 12
Wed Aug 30, 2017
Mary answered:
Hi,

The data you reported is coming from your county records, because of this I am unable to edit the information. This data is gathered by a third-party data collector and only updates on Trulia when discrepancies are identified at the next data collection cycle. Unfortunately, we are unable to expedite this process. If it is already correct through the county, this will update to Trulia once we receive that information. Rest-assured that we are working towards building a better tool for the future that integrates the data between Trulia and Zillow to ensure both sites display the same information. I really apologize for that although there is not yet a specific time frame for when this will be implemented we are working on this as quickly as possible.

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
... more
0 votes 1 answer Share Flag
Wed Jun 28, 2017
Lord166 answered:
Get the appraisal, THEN make an offer 5% under appraisal.

You don't want to start negotiation at the top price, the 5% allows the owner to counter offer if he wants and you guys can settle at most at the value of the property. ... more
0 votes 1 answer Share Flag
Fri Jan 10, 2014
answered:
As already mentioned several times, closing costs consist of taxes, fees that the title company charges, and some mortgage companies also have some fees they give to the borrower. There are also other things tha may be added in, such as prepaid interest (you pay a portion of the interest up front and "buy" a lower interest rate. The cost is added into the closing costs).

When you are looking for a loan, the important thing to understand is that some companies will get you with their closing costs. In other words, certain lenders will advertise super low rates but in reality they are making up the difference in their closing costs.

A good tool to look at is your Good Faith Estimate. This document is part of a package that all lenders are required to send to potential clients, after they have filled out a basic mortgage application. The GFE will have a close estimate to what the final closing costs (cash-to-close) would consist of, and where they are all coming from. So that piece of paper would tell you exactly what you are paying for.

My company, PrimeLending, does not attempt to make any additonal profit off of our closing costs. We only charge for some of the fees that we were required to pay for (credit reporting fee, flood certification fee), as well as other unavoidable costs like taxes, prepaid insurance, etc. We understand that it is better to keep the required cash-to-close low, and we end up getting more business for it.

If you have any more questions, or would like to inquire about a mortgage, please feel free to contact me any time!

Cody Broshar, Loan Originator
(317) 989-5304
cbroshar@primelending.com
50 East 91st St, Suite 300
Indianapolis, IN 46240
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0 votes 10 answers Share Flag
Sun Sep 1, 2013
Marita Topmiller answered:
Hi Micki,

I've read through these answers and see that many agents have the same
reservations I do.

This is not a dual agency question.

Your real question, however, is whether or not to use the listing agent of
the home you want to buy as the listing agent on your current home.

REALITY CHECK: This is a listing agent who didn't know or disclose that
the street in front of the green home is going to be widened; who significantly
over priced the green home. And if the listing agent of the green home led
you to believe he might encourage the green home owner to accept a lower
price if you list with him ........ HOW WILL YOU KNOW if he makes the
same promise to a would be buyer of your home after he has you under
contract? Oh, that would quicken transactions all the way down the line.

Sellers typically accept offers they deem fair. If the home's value takes
a tumble, as it has here, sellers' expectations often fall with it. You don't
need someone working on the inside for you. Any listing agent is working
to get the home sold - that's what he was hired to do.

Good Luck with That,

Marita
Marita Topmiller
Assoc Broker
Prudential Indiana Realty Group
317.513.4652
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0 votes 17 answers Share Flag
Wed May 15, 2013
Ron Meske answered:
Isha,

What is considered liveable is really a personal choice. Do you want to be within walking distance of shops, downtown, parks, etc.? or are you looking for good schools and neighboorhoods with familes?

As an investor in Indianapolis properties I have come to rely on both crime site statistics and my local contacts to determine if an area is liveable as I want to make sure the places will rent and stay rented. As everyone has mentioned, there are pockets that are good and bad so you really need to look around. If you are planning on staying long term to raise a child I would personally look first at where the better schools are and neighborhoods that have kids. For schools, www.greatschools.org would be a good place to start. To find neighborhoods with kids will take driving through the neighborhoods in the afternoon after school and on weekends.

For your price range, that will be a good down payment, but to buy outright that will get you a fixer-upper that could cost at least that much again. If you are worried about financing, there are a couple of things you can do.

1. Look at duplexs that are in decent shape, you could live in one side and rent out the other. The down-side, the rented side will need maintenance, insurance and don't count on it being rented 100% of the time. A conservative number might be about 50% of the total rent amount is what you will see. Then there is the income tax on the rent that you will have to pay.

2. Consider looking into the Fannie Mae homepath (www.homepath.com). You will still need a realtor, but it may be an easier way to get financing.

Hope that helps.
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0 votes 5 answers Share Flag
Mon May 6, 2013
Chris Petty answered:
Your commissions to the real estate agent are paid by the seller. We always try very hard to use agents as they keep the title work 'clean' and are worth every penny they are paid. Particularly in today's housing market, where homes have been mortgaged several times and land is not always owned by the developer you think it is owned by. Working with many banks after the recession it is important to use an agent to purchase. ... more
0 votes 16 answers Share Flag
Mon May 6, 2013
Fred Jaeger answered:
Yes you can! In Oregon, the only requirement in that regard is to fully disclose that you are a licensed agent making the offer. Such disclosure is necessary while representing any relatives as well, you'll need to disclose your license status... (in Oregon that-is.) ... more
0 votes 8 answers Share Flag
Sun Apr 14, 2013
wmrboudreau answered:
i am interested in land on deerfield road nottingham nh is it a flood area
0 votes 6 answers Share Flag
Tue Mar 2, 2010
Marita Topmiller answered:
Hey Mooch,

Did you purchase that house in Meridian Kessler?

If you are still looking at answers to your question here, I would like to
add one more thing. Square footage is only one consideration when
comparing properties. The number of updates and repairs required are crucial. Always compare apples
to apples.

If you need a Realtor, call me.

Regards,

Marita
Assoc Broker
Indianapolis area
... more
1 vote 4 answers Share Flag
Tue Aug 25, 2009
Gloria Brown answered:
I know how important it is to have has much information about the area you are considering living in. Here are a couple of web sights that should be helpful to you. http://imaps.indygov.org
http://spotcrime.com/in/indianapolis
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0 votes 7 answers Share Flag
Fri Aug 29, 2008
Carmen Clayborn answered:
Matt,

For the inexperienced home investor, your best bet would be to speak with a knowledgeable agent to get the ball rolling for your budget, planned level of involvement, timeframe, reserves and location. You should tour 10 or more potential homes and compare the needed repairs and risk involved with each home with your potential ROI. Remeber no one has a crystal ball, market conditions can and do change without notice.

There are a lot of great buys at any budget. We work with established Contractors and Engineers that could take a lot of the guesswork out of repair estimates.
... more
0 votes 4 answers Share Flag
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